Good saving and spending habits are key to helping you stay out of financial trouble and on top of regular or even unexpected expenses. It’s amazing how much money can just slip away if you’re not paying attention—and how much can be saved if you are.
Recognize your money mentality.
Are you in the habit of avoiding the topic of money? Do you spend like there will always be more? Attitudes unconsciously drive habits until you’re aware of them. To help find your money mentality, check out this article by Lauren Bowling†, Four Main Money Mentalities and How to Find Yours.
Track your finances.
You might not do it forever, but it's super instructive. Not just the big stuff, but the lattes and lunches as well. Our new digital tools on The Hub can help you track and categorize your expenses. See this article to learn more about keeping an eye on your spending and saving.
Automate your spending and saving habits.
Use direct payment and pay credit card balances and other bills automatically. Huntington Heads Up® can also help you stay on track. At the end of the month, we'll let you know if you hit your goals. Under budget? Maybe put the extra into savings.
Avoid the one-click buying impulse.
Retail companies make shopping online extraordinarily easy, which can make overspending even easier. We’ve got advice on Four Ways to Stop Overspending Online.
Set goals, near and far.
A reward like a vacation or paid off credit card will help motivate you to stick to these good habits.
Source: www.huntington.com
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